3 Dividend Stocks Offering Yields Between 3% And 4.5%

In a week where major U.S. stock indexes showed mixed results, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite reaching record highs while the Russell 2000 declined, investors are closely watching economic indicators and Federal Reserve comments for clues on future market directions. Amidst this backdrop of fluctuating growth and value stock performance, dividend stocks offering yields between 3% and 4.5% present a compelling option for those seeking steady income in an uncertain market environment. A good dividend stock typically combines a solid yield with strong fundamentals that can withstand varying economic conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.98%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.60%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.31%	★★★★★★
Yamato Kogyo (TSE:5444)	3.97%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.35%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.99%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.71%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.41%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.41%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.83%	★★★★★★

Click here to see the full list of 1929 stocks from our Top Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Jiangsu Tianmu Lake TourismLtd (SHSE:603136)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Jiangsu Tianmu Lake Tourism Co., Ltd. operates a tourism resort in China and has a market cap of CN¥3.21 billion.

Operations: Jiangsu Tianmu Lake Tourism Co., Ltd. generates revenue from its tourism resort operations in China.

Dividend Yield: 3%

Jiangsu Tianmu Lake Tourism Ltd. has a dividend yield of 3.04%, placing it in the top 25% of CN market dividend payers, with dividends covered by earnings and cash flows at payout ratios of 87.3% and 68.8%, respectively. However, its seven-year history shows volatility in payments, indicating an unstable track record despite some growth in dividends. Recent earnings reports revealed a decline in revenue to CNY 404.65 million and net income to CNY 85.42 million year-over-year, impacting financial stability for future payouts.

• Click to explore a detailed breakdown of our findings in Jiangsu Tianmu Lake TourismLtd's dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Jiangsu Tianmu Lake TourismLtd shares in the market.

Sanquan Food (SZSE:002216)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Sanquan Food Co., Ltd. produces and sells frozen food products in China, with a market cap of CN¥10.90 billion.

Operations: Sanquan Food Co., Ltd. generates revenue from the sale of quick-frozen and room temperature food products, amounting to CN¥6.77 billion.

Dividend Yield: 3.8%

Sanquan Food's dividend yield of 3.83% ranks it among the top 25% in the CN market, with dividends adequately covered by earnings and cash flows at payout ratios of 74.5% and 51.6%, respectively. Despite a history of volatility, dividends have grown over the past decade. Recent earnings show a decline in revenue to CNY 5.12 billion and net income to CNY 394.25 million year-over-year, challenging future stability for payouts despite good relative value compared to peers.

• Click here to discover the nuances of Sanquan Food with our detailed analytical dividend report.
• The valuation report we've compiled suggests that Sanquan Food's current price could be quite moderate.

Nihon DenkeiLtd (TSE:9908)

Simply Wall St Dividend Rating: ★★★★★★

Overview: Nihon Denkei Co., Ltd. is engaged in the trading of electronic measuring instruments both in Japan and internationally, with a market cap of ¥20.92 billion.

Operations: Nihon Denkei Ltd. generates revenue from electronic measuring instruments with ¥91.46 billion from Japan and ¥15.31 billion from China.

Dividend Yield: 4.6%

Nihon Denkei offers a robust dividend yield of 4.6%, placing it in the top quartile of JP market payers, with dividends well-supported by earnings and cash flows at payout ratios of 38% and 24.9%, respectively. Over the past decade, dividends have grown steadily without volatility. The company is trading significantly below its estimated fair value and has announced a share buyback program worth ¥460 million to enhance shareholder returns, indicating strong capital management practices.

• Navigate through the intricacies of Nihon DenkeiLtd with our comprehensive dividend report here.
• Our valuation report here indicates Nihon DenkeiLtd may be undervalued.

Next Steps

• Explore the 1929 names from our Top Dividend Stocks screener here.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
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Ready To Venture Into Other Investment Styles?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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